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From MSDN Blogs]
Last October I posted on our updated policy for support of SQL Server in a virtualization environment. This policy is based on a KB article that summarizes our policy. You recall this article is the following:
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Support policy for Microsoft SQL Server products that are running in a hardware virtualization environment
One fairly controversial aspect to this policy was our support (actually non-support is a better word) for guest failover clustering. We didnt support installing SQL Server failover clustering in a virtual machine. Well this policy is now changed effective immediately as updated in the article.
The article continues at
http://blogs.msdn.com/psssql/archive/2009/05/19/sql-server-support-policy-for-failover-clustering-and-virtualization-gets-an-update.aspx